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China's top financial regulator Li Yunze demoted for suspected violation.
China’s top financial regulator, Li Yunze, has been demoted following a suspected disciplinary violation, according to sources.
The 55-year-old, who led the National Financial Regulatory Administration, was removed from his position and reassigned to a mid-level role.
His removal comes amid Beijing’s efforts to combat corruption in the banking sector, following the recent investigation of a deputy head at the agency.
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El principal regulador financiero de China, Li Yunze, fue degradado por presuntas violaciones.